What a saving!

And to think just four years ago, we had a budget surplus of $20 billion… under the previous government of course.

THE 2010-2011 federal budget deficit has come in $1.6 billion lower than expected on the back of a $3.6 billion saving in expected government outlays.

Despite a $2 billion hit to government revenues, the final budget deficit has shrunk to $47.7 billion, down from the earlier forecast of $49.4 billion.

It’d be great in my bank account, but “saving”* $1.6 billion doesn’t really count that much in the whole scheme of things.

With the deficit where it is, this government has effectively lost around $68 billion dollars in four short looooooong years, or on average about $17 billion per yer, or about $1.5 billion per month, or around $50 million per day, $2 million per hour, 35 grand a minute, 600 bucks a second.

What the average bloke makes in a year, our government loses in a minute.

What many make in a week, this government loses every second.

Yet apparently Australia has the world’s best Treasurer.

If that’s the best, pity the poor bastards who live under the “stewardship” of the worst.

*It’s not “saving” when in truth it’s money you thought you were going to lose but didn’t.

  1. October 8th, 2011

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